Residential

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Govinda Reddy Layout citizens are in despair, Real Estate News, ET RealEstate

By Shreya BN BENGALURU: Last year, when the rains played havoc in the city, Bengaluru houses were flooded thanks to the absence of storm-water drains on the road. Now, storm-water drains have been created, but the problem persists. At Govinda Reddy Layout (Ward no 50), near Hosa Road, local residents allege that the storm-water drains …

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China new home prices fall at slower pace in December 2021, Real Estate News, ET RealEstate

BEIJING: China‘s new home prices fell more slowly in December than a month earlier, official data showed on Saturday, as marginal easing on financing curbs, and promotions by property developers helped to stabilise demand. Average new home prices in China‘s 70 major cities declined 0.2% in December from a month earlier, slower than a 0.3% …

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Protests in New York as eviction moratorium due to end, Real Estate News, ET RealEstate

File photo NEW YORK: About 100 protesters turned out in Manhattan Friday to demand the extension of a moratorium on rental evictions in New York state, a day before it was due to end. The moratorium, granted in spring of 2020 by then governor Andrew Cuomo, has been regularly extended since then, but current governor …

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New York apartment sells for $190 million, Real Estate News, ET RealEstate

NEW YORK: In one of the priciest sales in New York real estate history, a four-bedroom penthouse apartment overlooking Central Park was purchased for $190 million, the Wall Street Journal reported Thursday. The seller, scandal-tainted American billionaire Daniel Och, bought the apartment only two years ago for half the price at $93 million, according to …

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New York apartment sells for $190 million, Real Estate News, ET RealEstate

NEW YORK: In one of the priciest sales in New York real estate history, a four-bedroom penthouse apartment overlooking Central Park was purchased for $190 million, the Wall Street Journal reported Thursday. The seller, scandal-tainted American billionaire Daniel Och, bought the apartment only two years ago for half the price at $93 million, according to …

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Turkish house sales doubled in December as inflation surged, Real Estate News, ET RealEstate

ISTANBUL: Turkish house sales leaped 113.7% in December to 226,503 properties, as locals scrambled to invest in real estate as a shield against soaring inflation, after a series of unorthodox rate cuts left real yields in deeply negative territory. Real estate sales in December accelerated from a month earlier as the lira’s decline steepened, with …

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Housr ventures into rental homes business, Real Estate News, ET RealEstate

NEW DELHI: Co-living start-up Housr has ventured into rental homes business with Housr Homes, the company said in a media release. The company will be offering fully-furnished and managed 1,2 & 3 BHK apartments with rents starting at around Rs 25-30,000 per month for a single room. “The rent would vary for each property depending …

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Settl launches four co-living facilities in Gurugram, Real Estate News, ET RealEstate

NEW DELHI: Settl, a managed accommodation platform, plans to establish four new facilities in Gurugram, offering a total capacity of 200 beds, the company said in a media release. The company is presently operating 1,200 beds and is plans to reach 3,000 operational beds by December 2022. The brand plans to provide 1,000 beds by …

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Owners of problem flats give cautious welcome to UK cladding move, Real Estate News, ET RealEstate

LONDON: Owners of flats built with combustible cladding have welcomed a UK government move to make developers contribute more to the cost of its removal following the deadly 2017 Grenfell Tower fire but say much more is needed. “I would say it’s a step in the right direction, but it’s certainly not a solution,” said …

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House plots at affordable prices for middle class in Andhra Pradesh, says CM, Real Estate News, ET RealEstate

File photo AMARAVATI: Chief minister YS Jagan Mohan Reddy said the government is committed to provide non-litigant house sites at affordable prices to the middle-income group across the state. He said that urban development authorities have been directed to provide the best in the segment infrastructure in the upcoming townships. He said that they will …

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